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18 June 2020 | 19 replies
At the top level, it's a basic economics question.
17 June 2020 | 8 replies
To some degree they understand the financial impact and crisis due covid-19 and the aftermath which will take many months to not only restore general public confidence before a vaccine is readily available, but mostly when the economy will ready for an upswing cycle.
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28 June 2020 | 6 replies
My advice is, read the fine print and understand the economic trade-offs you’d be making.You can come out ahead, but usually not as far ahead as appears on first glance, so make sure you understand the full deal that you’d be striking.The few that I investigated, I decided limited my future options too much so I chose to pay market interest rates to retain my flexibility with the property/project, or in other cases decided not to pursue the project at all regardless of financing terms.One important thing to look for is whether the financing (and obligations) transfer to any future owner and if so, under what terms, or if they do not, and instead trigger some kind of backout/payout clause on you.Many of those tax/loan programs stretch out over years, and since it’s hard to predict the future, it’s also hard to understate how they can limit your future options with the property.For example, many times we’ll do a 10-year holding projection initially but market conditions after only 4 or 5 years might warrant considering an earlier exit.
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19 June 2020 | 8 replies
Houston is pretty insulated from broader economic recession given O&G gas jobs are highly paid.
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25 June 2020 | 5 replies
And, I believe, the stability of these type of homes and the rental model you are working with will only solidify due to COVID and an impending economic short-fall for the following reasons;1.
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14 June 2020 | 0 replies
A day later, the Buda Economic Development Corp. announced a similar project in the Hays County suburb.
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18 June 2020 | 2 replies
Throughout my research/saving period, I've stayed on top of the Charleston market and I believe there are some intriguing opportunities given the economic development happening in the area, especially North Charleston.
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17 June 2020 | 19 replies
@Chen Lerner at a macro level, Columbus is a strong market in terms of economic and demographic trends.
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15 June 2020 | 0 replies
Economic Update(Monday, June 15, 2020)It’s official: The longest expansion in U.S. history ended in February as the economy fell into a deep recession, according to the National Bureau of Economic Research (“NBER”).
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18 June 2020 | 11 replies
They keep moving it. ..Title Creating Chapter 193 of the Legislative Code (Title XIX) pertaining to Tenant Protections...BodySection 1WHEREAS, under City Council RES 89-1273, the Council directed the creation of a fair housing workgroup to make policy and budget recommendations “with the goal of eliminating housing disparities, lowering barriers to affordable housing, and ensuring access to economic opportunity in the City of Saint Paul”; andWHEREAS, under City Council RES 17-2064, the Council directed the development of a fair housing strategic plan “to continue to research and work with housing partners on strategies to further Fair Housing goals such as...improved tenant protections, Tenant Remedies Actions, Advance Notice of Sale policy, gentrification studies, just cause eviction, non-discrimination policies, and others”; andWHEREAS, under City RES 18-1204, the City Council acknowledged that “the housing crisis in our city and region, and the urgent need to address the crisis as our population grows,”; and WHEREAS, in 2019 the City created the Affordable Housing Trust Fund, with five objectives: to meet the needs of those with the lowest incomes by increasing supply; to invest in low and moderate income residents by investing in existing supply; to explore innovative approaches to meeting housing needs; to build wealth for residents and communities; and to promote fair access to housing for us all; and .WHEREAS, in 2019, the Office of Financial Empowerment, which housed the Fair Housing Coordinator Position, was created and subsequently developed the framework for a citywide fair housing strategy identifying decreasing housing displacement, increasing housing access and affirmatively furthering fair housing as the overall objectives; and WHEREAS, Tenant Protections is one of four focus areas including education and engagement, enforcement and compliance, and preservation and production, to address strategy objectives based on the current housing landscape; andWHEREAS, stagnant wages, skyrocketing rents, a lack of affordable housing, and a consistently low housing vacancy rate are making it harder for Saint Paul residents to find housing and to afford it over time; and WHEREAS, the number of renters has increased by 12 percent from 2000-2016 and the City of Saint Paul has now become a renter-majority city, with 51% (57,621) of City residents being renters; and WHEREAS, renters are disproportionately people of color and are disproportionately representative of individuals from low wealth backgrounds; andWHEREAS, demographically 83% of African-American households are renting, compared to 41% of White households; and WHEREAS, more than half of our renter households earn 60 percent or less of the Area Median Income, and more than half of our renter households of color earn 30 percent or less of the Area Median Income; andWHEREAS, in St.